Not as bad as FUD headlines Not as bad as FUD headlines from other posters are making it out to be. Read press release carefully. Cybersecurity guidance for the full year reiterated. This is a revenue recognition issue. Q2 light but it will come back in Q3 and Q4. Again NO change to full year guidance. And for those blaming cylance
Al (ie SMB eneteprise business) you do not understand that cyber unit is hodge podge of assets.
This revenue recognition delay is related to government business so UM or AtHoc. IOT guidance revised down slightly. 240-250 goes to 225-240. Basically top end of range revised down 4 percent and bottom end of range revised down 7 percent. Likely due to delayed deployment
of develop seats as one of the OEMs is shifting around their development schedules. BB had to get this out. This kind of stuff happens in lumpy contract business where revenues are
based on long term contracts. Ironically from an Imperium perspective it makes it even clearer that cybersecurity business and IOT
should not be under same roof. Veritas Capital own Peraton. Peraton is a $7b revenue company built by combining various divested assets from lockheed martin and others. They are singularly focused on serving the government and
already do business with federal state entities.